Origen Private Debt Fund one of Ghana’s emerging private credit platforms has joined the consortium backing Prime Meridian Docks’ $137 million “Project Shiprite,” a landmark floating dry dock and ship repair facility under development at the Port of Takoradi in Ghana. Origen’s commitment GHS 23 million forms part of a broader blended financing package supporting the project’s path to construction.

Delivered in partnership with the Ghana Ports and Harbours Authority under a 25-year concession, the project will develop, build, and operate a world-class commercial-scale ship repair and dry docking facility serving the Gulf of Guinea.

Once built, the PMD Yard in will service vessels up to 200 metres for mandatory dry docking and ad hoc repairs. This will remove the need to sail 10–14 days to Walvis Bay, Namibia, or Las Palmas, Spain for maintenance.

The equity component of the financing was by InfraCo, ARM-Harith Infrastructure Fund and the project developer, Prime Meridian Docks Ghana. This unlocked senior and mezzanine financing from the African Export-Import Bank as the Mandated Lead Arranger, the African Development Bank, the Eastern and Southern African Trade and Development Bank, Petra Pension Schemes, and Origen Private Debt Fund.